Q4 2021 EPS Estimates for Chipotle Mexican Grill, Inc. (NYSE:CMG) Boosted by Analyst

Chipotle Mexican Grill, Inc. (NYSE:CMG) – Equities researchers at William Blair increased their Q4 2021 EPS estimates for Chipotle Mexican Grill in a research note issued on Monday, July 19th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will earn $6.28 per share for the quarter, up from their previous forecast of $5.95. William Blair also issued estimates for Chipotle Mexican Grill’s FY2022 earnings at $29.55 EPS.

CMG has been the topic of several other research reports. Credit Suisse Group raised their price target on Chipotle Mexican Grill from $1,950.00 to $2,075.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank of Canada lifted their target price on Chipotle Mexican Grill from $1,800.00 to $1,825.00 and gave the stock an “outperform” rating in a report on Wednesday. Evercore ISI lifted their price target on Chipotle Mexican Grill from $1,800.00 to $1,950.00 and gave the company an “outperform” rating in a research report on Wednesday. Wells Fargo & Company lifted their price target on Chipotle Mexican Grill from $1,780.00 to $1,800.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Truist lifted their price target on Chipotle Mexican Grill from $1,750.00 to $1,800.00 and gave the company a “buy” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $1,719.29.

Shares of Chipotle Mexican Grill stock opened at $1,755.99 on Tuesday. The stock has a market capitalization of $49.43 billion, a price-to-earnings ratio of 123.23, a P/E/G ratio of 3.43 and a beta of 1.35. Chipotle Mexican Grill has a 12 month low of $1,094.93 and a 12 month high of $1,778.29. The company’s fifty day moving average price is $1,445.33.

Chipotle Mexican Grill (NYSE:CMG) last announced its quarterly earnings results on Monday, July 19th. The restaurant operator reported $7.46 EPS for the quarter, beating the consensus estimate of $6.52 by $0.94. The firm had revenue of $1.89 billion for the quarter, compared to analyst estimates of $1.88 billion. Chipotle Mexican Grill had a return on equity of 19.45% and a net margin of 6.44%. The business’s revenue for the quarter was up 38.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.40 earnings per share.

In related news, Director Matt Carey acquired 673 shares of Chipotle Mexican Grill stock in a transaction on Friday, April 23rd. The shares were bought at an average price of $1,485.00 per share, for a total transaction of $999,405.00. Following the completion of the purchase, the director now directly owns 687 shares in the company, valued at approximately $1,020,195. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Scott Boatwright sold 1,607 shares of the business’s stock in a transaction dated Monday, July 12th. The stock was sold at an average price of $1,600.00, for a total value of $2,571,200.00. Following the transaction, the insider now owns 11,873 shares in the company, valued at approximately $18,996,800. The disclosure for this sale can be found here. Insiders sold a total of 12,309 shares of company stock valued at $19,365,245 over the last three months. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD increased its position in shares of Chipotle Mexican Grill by 3.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 2,403,185 shares of the restaurant operator’s stock worth $3,332,521,000 after acquiring an additional 78,320 shares during the last quarter. BlackRock Inc. increased its position in shares of Chipotle Mexican Grill by 0.6% during the first quarter. BlackRock Inc. now owns 1,968,073 shares of the restaurant operator’s stock worth $2,796,276,000 after acquiring an additional 12,673 shares during the last quarter. Edgewood Management LLC increased its position in shares of Chipotle Mexican Grill by 14.5% during the first quarter. Edgewood Management LLC now owns 1,283,830 shares of the restaurant operator’s stock worth $1,824,091,000 after acquiring an additional 162,430 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Chipotle Mexican Grill by 2.9% during the first quarter. Geode Capital Management LLC now owns 470,788 shares of the restaurant operator’s stock worth $667,125,000 after acquiring an additional 13,347 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of Chipotle Mexican Grill during the fourth quarter worth about $355,121,000. 89.19% of the stock is currently owned by institutional investors and hedge funds.

Chipotle Mexican Grill Company Profile

Chipotle Mexican Grill, Inc, together with its subsidiaries, owns and operates Chipotle Mexican Grill restaurants. As of December 31, 2020, it owned and operated 2,724 Chipotle restaurants in the United States, 40 international Chipotle restaurants, and 4 non-Chipotle restaurants. The company was founded in 1993 and is headquartered in Newport Beach, California.

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Earnings History and Estimates for Chipotle Mexican Grill (NYSE:CMG)

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